Telsey Advisory lowered the firm’s price target on Designer Brands (DBI) to $5 from $6 and keeps a Market Perform rating on the shares. The company delivered mixed results for Q4, with sales and expenses missing the market’s expectations, the analyst tells investors. Both the macro-operating environment and footwear market remains challenged, with pressure on the consumer remaining a concern going forward, the firm adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DBI:
- Designer Brands Reports Financial Results for 2024
- Cautious Hold on Designer Brands Amid Market Uncertainties and Strategic Adjustments
- Accenture reports Q2 beat, Apple TV+ losing $1B annually: Morning Buzz
- Morning Movers: Designer Brands jumps, Accenture falls after quarterly results
- Designer Brands reports Q4 adjusted EPS (44c), consensus (49c)
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue